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Jaguar Land Rover Cuts Sales Projections, Prices in China as Slump Continues
Jaguar Land Rover, the U.K. luxury-car unit of Tata Motors Ltd., has cut its sales projections in China, the largest automobile market in the world, despite bringing down prices to entice customers.
China-backed Tsinghua Plans Largest Acquisition of American Firm for $23 Billion
The Tsinghua Unigroup Ltd., a technology conglomerate backed by the China's government, is looking to acquire American chip maker Micron Technology Inc. for $23 billion, a deal that if successful would be biggest acquisition by Chinese company of an American firm.
Walmart Fires Back With Own Sales Promotion Against Amazon's Prime Day
Wal-Mart Stores and Amazon Inc. are duking it out in a massive online discount contest that will leave customers as the real winners.
Nintendo CEO Dies Amid Company Move Toward Mobile Gaming
Nintendo Co. CEO Satoru Iwata died of bile duct cancer on Saturday, as the company tries to transition from its declining console gaming business into mobile.
U.S. Companies Band Together For Employment Initiative for Low Income Youths
More than a dozen American companies announced on Monday a pledge to hire a combined 100,000 young people in the United States until 2018 to help them build a successful career.
PepsiCo Outperforms Market Expectations on Beverage Sales Growth in Americas
PepsiCo Inc raised its full year earnings forecast on Thursday as it outperformed market expectations due to price increases and effective cost management.
P&G Sells Beauty Brands to Coty, Expects Up to $7 Billion in Profits
The consumer products giant Procter & Gamble will sell its lineup of 43 beauty brands and have it merge with beauty products maker Coty Inc for $12.5 billion.
Hyundai Recalls Sonatas on Seatbelt Concerns
South Korean car maker Hyundai Motor Co. has issued a recall for 140,000 of its Sonata mid-sized sedans in the United States and Canada to check possible defects in the front passenger seat belts
US Treasury Calls for Compromise Over Greek Debts on Geopolitical Concerns
The White House is pushing for a compromise between Greece and its creditors in Europe on concerns that the country's exit from the European Union will cause more than just economic problems in the region.
Microsoft to Layoff 7,800 as it Scales Down Nokia Business
Microsoft Corp. said on Wednesday will scale down its struggling Nokia mobile phone business, eliminating 7,800 employees in the process, and write down $7.6 billion of the value related to this unit.
White House Unveils Solar Energy Push for Low and Mid Income Households
The White House plans to make solar energy more accessible to low-income Americans, lowering the electricity bills of citizens and also increasing the country's reliance on renewable energy sources.
Disney Looks for Tax Break Extension as it Readies Anaheim Expansion
Walt Disney Co. is looking for a 30-year extension to its tax exemption in Anaheim, California as the company plans to a billion dollar expansion in the city, but the mayor who previously supported the tax break is now looking to get more to fund government programs.
Samsung Profit Guidance Below Expectations as S6 Shortage Hurt Performance
South Korean tech giant Samsung Electronics Co Ltd onTuesday lowered its earnings guidance for the year as second quarter results fell below expectations due to shortage of its latest smartphone and falling sales in other market.
HSBC Sacks Employees in Mock ISIS Beheading Video
British lender HSBC fired employees in England for posting a video online of a mock beheading of a colleague fashioned after that of the Islamic State .
TerraForm's Wind Power Portfolio to Grow with Invenergy Acquisition
TerraForm Power Inc. and parent SunEdison Inc. are set to buy several windfarms in the United States and Canada from Invenergy Wind LLC for $2 billion.
Buffett donates $2.8 Billion to Charity Again
Warren Buffett, the second richest man in the world and among the greatest investors, donated on Monday $2.8 billion worth of Berkshire Hathaway stocks to five charities, continuing his tradition of philanthropy for the 10th straight year.
Philipp Morris to Sell Stake in Indonesian Unit to Comply with Public Float Rules
American cigarette maker Philip Morris International Inc. is looking to sell a billion dollars worth of its shares in its Indonesian subsidiary to comply with local rules on public float.
American Apparel Plans Restructuring, Doubtful of Fund Raising
Clothing retailer American Apparel announced plans to restructure its struggling business and admitted that it may not be able to raise the needed capital within the next 12 months.
Mondelez Looks to Replicate China Success of Slim Oreos in US
Snack maker Mondelez International Inc. will introduce a slimmer Oreo to American consumers this July that it is meant to appeal to adults looking for a classier version of the cookie.
Whole Foods Execs Apologize For Overcharging, Lay Out Improvement Plan
Following charges of overcharging at its New York stores, the top executives of grocery chain Whole Foods Market Inc apologized for unintentional mistakes that affected customers.
Kraft, Heinz Complete Merger, Cost Cuts to Follow
H.J. Heinz Co. and Kraft Foods Group Inc. completed on Thursday their merger to create one of the world's largest food and beverage company.
Jeep, Chrysler Power Fiat Chrysler Sales Surge in June
Carmaker Fiat Chrysler Automobiles NV said on Wednesday that its automobile sales in the U.S. rose by 8.2 percent in June, its best performance since 2006, driven by its Jeep and Chrysler brand.
Corona Brands Post Strong Beer Sales, Acquires Meiomi to Boost Wine Line Up
Alcoholic beverage maker Constellation Brands Inc. reported on Wednesday a 15 percent increase in profits in the first quarter ending in May due to improved sales of its Corona and Modelo beer brands.
NFL Signs 4-Year Sponsorship Deal With Hyundai as Korean Car Maker Looks for Sales Boost
Two of the United States' most watched sports league will soon have Korean brands as official sponsors after the National Football League signed a four year-year deal with Hyundai Motor Co.
Greece Imposes Capital Controls as Financial Crisis Deepens After Tsipras's Referendum Call
Greece closed its banks and imposed capital controls, with the government and its creditors unable to agree on a deal for continued support for the country's financial system in exchange for harsher reforms
Volkswagen to Build Low Cost Cars in China, Considering Introducing Line to Other Markets
German automaker Volkswagen will build a line low-cost cars in China aimed for that market and Southeast Asia by 2018, its chairman said.
AirBnB Raises $1.5 Billion Via Private Placements Putting Valuation at $26 Billion
Home rental start-up AirBnB has raised $1.5 billion from private placements from several hedge funds to give it a $25.5 billion valuation.
Ebay-Paypall Split official in July
U.S. American online retailer Ebay will official spin off its unit PayPal on July 17 to unlock the full potential of the unit.
Nike Beats Profit Expectations Anew as Sales of Branded Basketball Sneakers Boost Performance
Leading footwear maker Nike Inc. topped profit expectations for the eighth straight quarter with the strong sales of top-of-the line branded shoes and increase in advance orders.
Goodyear to Close UK Tire Factory to Manage Costs as Competition Rises
Goodyear Tire & Rubber said Thursday it would close its plant in Wolverhampton, England, letting go of its 390 people there to cut costs.
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